How To Find The Best Franchise Fit

By - October 7, 2018
Categories: Best Practices, News

Finding the best franchise fit is exactly what I specialize in as a franchise matchmaker.

I have a wide variety of franchise opportunities for you to consider. I also have a number of tools, both quantitative and qualitative, to help find the best fit for you.

My experience as a franchisee, as a master franchisee, and on the corporate franchisor side of the business gives me great perspective on what will work for any prospective franchisee.

You may also find this piece, on How To Find The Best Franchise Fit, recently published on Forbes.com.

“Individuals pursuing a franchise opportunity have about 3,000 franchises to choose from, however, by having a plan you’ll be able to narrow your choices down to the best franchise for you. There are numerous resources available that provide advice on how to select and evaluate a franchise. Resources include the Internet, International Franchise Association, the FTC and The American Association of Franchisees and Dealers. However, the best approach is to match your financial resources, business skills, work experience and personal profile to the franchise opportunity that most closely fits these characteristics.”

Very much in line with the coaching and consulting I provide to my clients, the author looks for a personality fit, interest fit, skills / experience fit, a financial match, a fit with the time needed / expected, and a match with personal goals. Other keys include how hands-on you wish to be, and how objective you are when it comes to your own strengths and weaknesses. Finally, what is your contingency plan, depending on how things go.
Want to know more? Check out my franchising resources page – or, better yet, contact me for an initial call or meeting as a first step toward evaluating whether franchising is right for you.